Best Forex Brokers for Beginners

The best forex brokers for beginners offer three essential benefits. The first, and most important, they are a regulated and trusted brand that offers a user-friendly web-based platform. Second, they provide a strong variety of educational resources. Third, they provide access to quality market research.

  • eToro - Best trading platform for copy trading
  • easyMarkets - Unique (but pricey) trade protection tools
  • Alpari - Solid forex education section with detailed forex courses
Established Regulations Trading Platforms Bonus
2006 CySEC, FCA, ASIC eToro Platform Social Trading
Regulators ASIC #491139
CySEC #109/10
FCA #FRN 583263
Minimum Trade Size 25 USD
Mobile Trading: Yes
Web Trading Yes
Asset Coverage CFDs, ETFs, Forex, Crypto, Shares, Commodities, Indices
Trading Desk Type Market Maker, No dealing desk, STP
Funding Methods Credit card, PayPal, Neteller, Moneybooker, bank wire, money gram
Headquarters Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

eToro is a winner in 2020 for its easy-to-use copy-trading platform where traders can copy the trades of other users across over 1,900 instruments, including CFDs on popular cryptocurrencies.
Established Regulations Trading Platforms Bonus
2001 ASIC, CySEC MT4 50% Deposit Bonus
Regulators ASIC #246566
CySEC #079/07
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Crypto, Futures, Options
Trading Desk Type Market Maker
Funding Methods Credit Card, Neteller, Skrill, Webmoney, Wire Transfer
Headquarters P.O. Box 53742 Limassol 3317, Cyprus

EasyMarkets is an online forex/CFD broker that began operations in 2001 as Easy-forex. The company rebranded to 'easyMarkets' in 2016. The headquarters is located in Majuro, Marshall Islands while other offices are located around the world.